571–580 of 1001 posts
But is the majority of the population thriving? It is very misleading (at best) to say the economy is strong when a good chunk of the population live paycheck to paycheck. A handful of companies are thriving, but barely any of its employees.
But is the majority of the population thriving? It is very misleading (at best) to say the economy is strong when a good chunk of the population live paycheck to paycheck. A handful of companies are thriving, but barely any of its employees.
Earlier quoted context omitted.
gdp is really bad, countries don't even use the same counting methods. I think in the Netherlands they started using criminal activity to pad up gdp growth. Also money printing and inflation is a good way to up gdp. I like energy production and consumption a lot more, modern economies pretty much come down to using energy to either transfer or modify goods, services or data.
> energy production and consumption a lot more which is all well and good, except when you have increases in efficiencies in energy consumption, which would show up as a drop.
I like Vinod Khosla's take (on Twitter): Stop measuring GDP and instead measure the total income of the bottom 50% of the population and optimize policy for that. Additions and exits from this group can also be tracked. We get what we measure. Will this raise income inequality?
> additions and exits from this group can also be tracked. We get what we measure. Will this raise income inequality?
I'm not that smart but I'm pretty sure that X = Y here, and X - Y = 0.
Earlier quoted context omitted.
This the guy that illegally keeps fencing off public beach?
I would say this is a pretty good example of an ad hominem attack. https://en.m.wikipedia.org/wiki/Ad_hominem If the standard is that someone has to be unimpeachable before they can suggest a well-being metric than no one can.
I knew that if I clicked into this thread, I'd learn about how this was actually bad news.
Tech is the problem. The internet is global (or perhaps two or three regions), and winner takes all - so global value creation is being experienced everywhere, but being monetised in the US stock market. Take tech out of the equation and the US is pretty much on par with EU, and China and India are just burning the coal for everyone else.
Google should be reclassified under the equivalent of Dewey Decimal system publishers and magazine printers.
Netflix is a movie producer.
Adobe is an art supplies producer
Few companies today: apple, microsoft, etc qualify as tech.
These articles also gloss over the US market is 400m English speakers with one set of legislation, more or less. Europe is 20+ languages and 20+ sets of legislation. That’s a colossal advantage. And any clicks and mortar business gets the benefit of absurdly cheap shipping costs compared to Europe.
I like Vinod Khosla's take (on Twitter): Stop measuring GDP and instead measure the total income of the bottom 50% of the population and optimize policy for that. Additions and exits from this group can also be tracked. We get what we measure. Will this raise income inequality?
I would have thought Khosla to be quite intelligent, but then he says this: > additions and exits from this group can also be tracked. We get what we measure. Will this raise income inequality? I'm not that smart but I'm pretty sure that X = Y here, and X - Y = 0.
I think a generous reading is Khosla was referring to capital rather than people, which is something similar to Gini coefficient. Very generous.
On the other hand, maybe people like that, who for no reason aside from their massive personal fortune have a huge megaphone, deserve less generosity and should give everything they write a sniff test first. Idk.
I like Vinod Khosla's take (on Twitter): Stop measuring GDP and instead measure the total income of the bottom 50% of the population and optimize policy for that. Additions and exits from this group can also be tracked. We get what we measure. Will this raise income inequality?
I would have thought Khosla to be quite intelligent, but then he says this: > additions and exits from this group can also be tracked. We get what we measure. Will this raise income inequality? I'm not that smart but I'm pretty sure that X = Y here, and X - Y = 0.